₦airaland Forum

rvp20182:
Kenya total external debt is not even 30B. It was 25B last I checked. With China taking 10B dollars. That leaves 15B dollars. Africa Development Bank and World Bank take about half of that.

If you see multilateral loans in kenya - think Africa Dev bank and maybe World Bank - NOT IMF. IMF Is the lender of last resort. We rarely go there.

The moment you see ANY COUNTRY borrowing from IMF _ they are in HUGE GHANA LIKE PROBLEMS.

SO can you tell me what led Kenya to the IMF every year to borrow 3 billion dollars?

Kenya total external debt is 48 billion dollars plus

its a public document

this is just a page

mtisTheQubit:
can you post it please..we wan to learn something new today

he lie bad



all WB monies to Kenya was used on poverty alleviation with know investment in infrastructure that could pay the money back

You shouldn't be surprised when Kenyatta charge them more patriotism tax

vaxx1:
it seems the idiot is trying to separate world bank and IMF ?

rvp20182:
Kenya has 99% of primary to secondary transition. We wanted 100%. The 1% are desert kids - and we think Ghana double track can help them.DOUBLE track CAN NEVER BE MAINSTREAM policy in kenya,

My friend Kenya spend so much in education we cannot and will never do such nonsense.

Only Mauritius beat kenya in educational outcomes. Not even South Africa.

Not according to current information,

Kenya has 70% transitions primary to secondary as many drop out along the way.

rvp20182:
Yes, please plead for Kenya, together with South Africa. What would we be without you skyping the IMF

South Africa does not need debt relief

that is why they are at the forefront with us trying to get poor economies like Kenya the debt relief that you guys badly need.

South Africa will Come out of COVID with a stronger growth just like Ghana.

For Kenya, the recovery will take 5 to 10 years

20 times in the last 10 years

3 billion dollars in every year

zombie

mtisTheQubit:
you don't even make sense guy..how many times has imf bailed out kenya..please tell us...

rvp20182:
Evidence of Kenya running to IMF would be handy here - we mostly deal with World Bank. IMF is like central bank - they don't lend development money - they lend money to enable you to trade and etc. World bank lend money for development.

Nigeria central bank of course is different - they lend money to rice farmers

Exactly why you have borrow 30 billion dollars from them with nothing to show for it

They loan you monies for balance of payment reasons which comes to support kshs in handy
So your country became reliant of their debt program thinking it was free money and now Kenya cant pay back because they used it for non economic activity.

mtisTheQubit:
how is your economy strong for imf money while IMF bails you yearly...

Because my economy was prepared economically for the crisis and can still pay it debt without getting debt relief

rvp20182:
Go to WB to search for IMF? Nigga - WB deal with development loans. IMF deal with Ghana and such- they lend to Central banks. WB = Development or commercial bank. IMF= Central Banker.

The world Bank has an aggregation of Kenya debt to every body dumb dumb

This page also came from them



your poor debt economy

the IMF is scared to loan you more money after 30 billion in bailout monies to Kenya because what ever decision they take at this moment, you are doomed for debt catastrophe

rvp20182:
They should make you Ghana Finance Minister. You could have saved your country the embarrassment of 17 bailouts including being the first country to ask for Emergency Loan first week into COVID-19.

Thanks but there are way more smarter people than me


Kenya is so broke right now

if Ghana does not come to your aid at this point, you will run out of reserves by MAy

rvp20182:
So you rushed to IMF to take emergency funding for the heck? Please you're not dealing with double track graduates of your shameful education system.

IMF is the lender of the last resort.

The first month into COVID - you have ZERO contingency funds. to deal with it.

Now hobbits - after exhausting IMF facilities - what will you do next month, That 1B will evaporate thanks to currency depreciation.

IMF is the lender of last resort for Ghana

but how come

Kenya runs to the IMF every year for loan ?



Ghana contingency funds runs in excess of three billion dollars without adding reserves

two weeks into COVID and Kenya reserves drops by almost a billion dollars why it was busy crying to the IMF just like it does every year

rvp20182:
Google search - Bailout in Kenya and then Bailout in Ghana - and let us know what you find hobbit.

Economist calls it - Never gonna let you go GHANA.

Go to the WB page and search for Kenya's debt to IMF

you will realise you are the largest bailout debtor to the IMF in Africa

a true colony to their debt empire.

rvp20182:
Says a country that already borrowed 1Billlon dollars one month to COVID, What will you borrow when COVID crisis roll into the 5th month . Other countries still have some savings to get them by - but first week of COVID- MAY DAY MAY DAY from ACCRA can be heard in DC.

Now this crisis at the minimum will last 1yr and you are already down and out.

sorry to burst you bubble

We have only been cleared to access 1 billion

we will make use of it when we have need for it, We have 3 billion dollars sitting at the world Bank that we have not accessed for 7 good years now.

This will just be one of them


Kenya is so desperate such that it is crying for debt relief
That is really bad

anyway, your message has been delivered to the IMF and they are saying they will think about it

gallivant:
You say a lot of weird things hobbit.

as usual the conversation is over your thinking capacity so you are back to stupidity

rvp20182:
What is IMF is to us. We don't go begging them. We don't die if they don;t lend. That is independence. IMF knows their limit in Nairobi.

you go begging them every year to loan you 3 billion dollars to plug your trade deficit

mtisTheQubit:
dude the world (not Ghanaians , :Dsorry ) says Kenya got one of the best roads in Africa..fact...ths stuff is not poted by nairaland weirdos like you..its the real deal...stop wailing an show us ghana roads stuff

sorry the world didn't say that



the world knows that all your roads are unpaved because you are too poor and any money they give you, you spend it on buying food for your poor citizens

IMF has been bailing out Kenya every single year because of your huge trade deficit

How do you think you got to owe them 30 billion dollars?

Independent countries do not sell their country sovereignty for 3 billion dollars to China




If you are not a colony, How come you are the Largest IMF debtor in Africa?

rvp20182:
When was our last bailout - 1990s. IMF or whatever don't dictate nothing to us. We elected two ICC indicted individuals as President and Deputy President. We are independent. We can do whatever we want to do. We told IMF to go to hell and passed interest rate capping.

That is INDEPENDENCES.

We are not a colony. So happy to have a skype call with IMF.

We didn't kick out the Brits to replace them with IMF.

sorry

our economy is too strong for IMF money

How much will Kenya be borrowing IMF this year, Kenya does 3 billion every year but 2020 is a special case, so how much?

mtisTheQubit:
Just answer my question the fake professor..are you folks anticipating for another bailout or not..poor country

mtisTheQubit:
blah blah blah as usual..now ya denying your precious picture ..an i thought it gave you the much needed mojo..

lets clap for the largest IMF debt holder in Africa

gallivant:
Earlier you said it was 50 billion now it's 80 billion? Your puny brain is overheating again.

where did i say it was 50 billion again?



desperate soul

rvp20182:
After 17th bailout you should already haven't learnt you're in a rat hole..but I guess you're the rat. There is no getting out.

sorry that Kenya is an IMF colony

IMF is even afraid to give your country anymore money because you has run out of dollars

Even your debt servicing is 102% of export when IMF only allows it to be 21% of export.
How do you expect them to give you more money again, when they know you wont be able to pay?

and highly debt ridden country


their current servicing to debt is more than the size of their export

something that the IMF does not allow

The IMF limit is 21%

vaxx1:
kenya is currently on 62, if the IMF loan request they are currently seeking materialized . they will be somewhere 65. and that has ever pass their limit for a tea and tourism depended economy

rvp20182:
You don;t have 16 bailout - each lasting 3yrs- a total of 50yrs in 60yrs of your paper independence - and call whatever you have an economy. Stop disabusing English words. Find Ashanti version of it.

You're nothing but IMF bia.tches. Your country is almost always run from Bretton Wood in Washington DC.

and for the past 10 years alone, Kenya has borrow 30 billion from the IMF and WB that it spend on consumption and now it cant afford to pay.

The IMF is even afraid to give you more money again

it think Kenyatta forgery

samorobo:
You are very thoughtful and smart...

Kenya economy is very precarious..should we blame the precarious shillings or Kenyatta cooking, forgery skills

mtisTheQubit:
i know you wouldnt believe it but thats what the world says..few countries in africa come close to our road quality..the colony is not even mentioned..its a village with mud an stuff

the fact that you even celebrate less than 12,000km of tarred road when your road network is 170,000km makes you highly stupid

mtisTheQubit:
look at the last column..then explain your brains..

Then Ghana was paying off it maturing debts

Now in 2020 Kenya is paying 5.5 billion as debt servicing

3 billion to the IMF and WB while the estate bilateral and local


Ghana is paying less than 1 billion to external debt holders that include Bond market, IMF, WB and china
and 2.5 billion to commercial banks in Ghana

rvp20182:
Yes sir - kenya has NEVER been here - ever - Meanwhile, the government’s debt to Gross Domestic Product ratio will rise from 63.2% of GDP at the end of 2019 to 68.7% of GDP at the end of 2020, driven by a wider fiscal deficit and lower GDP.
https://www.ghanaweb.com/GhanaHomePage/business/Ghana-strong-to-pay-back-US-1bn-COVID-19-loan-IMF-927733

We simply never get there - we play around 40-60% - generally we play around 45%.

To imagine kenya having debt to gdp of 70% !!!!!!!!!!!!!!!!!

Still in a manageable range of the Ghanaian economy
Since all our loans are paying for themselves.

and Kenya has already crossed GDP to debt ration of 80% as your debt has grown to 80 billion

mtisTheQubit:
fantasies man..
First we offer free education..second Kenya is one of the top countries in Africa with best roads..fact..little ghana is not evn near..third, coz ya got more test on covid virus ya claiming better health facilities..thats so funny..have see stuff you an prof post here an its just normal stuff done in any normal country in africa ..fact..

will you shut up there


your untarred muddy roads

is this now a fashion in Kenya

mtisTheQubit:
ok away with the photo.an its boring..

but let me comment on it..so who is serving more btw Kenya an the colony..just answer me..its you picture

Kenya is servicing more as Kenya holds more debt to them

mtisTheQubit:
funny now that I think of it, the colony is entirely run by IMf..year after year...
again away with the lies man..

sorry we are not Kenya

you are yet to show what you invested in

your health infrastructure still look like shit

your road network is less than 12,000km tarred

Your schools are crumbling while your people remain poor

mtisTheQubit:
Again we borrow we pay back..we don't default..a rich man borrows money to invest..a poor man borrows then squanders it then asks for bailout..to different scenarios my friend...we are not a poor colony